News

Commercial auto insurance sector slated for 6% CAGR by 2032

In APAC, the market is expanding rapidly thanks to increased trade.

Allianz Commercial names deputy CEO of Hong Kong

This role is an addition to his current responsibilities as the head of Financial Lines.

Zurich reveals flagship branch in Johor Bahru

It is located near routes like the Eastern Dispersal Link and Woodlands Checkpoint. 

Sompo appoints new risk Chief for APAC

She will report to Emmanuel Brule, CRO of Sompo International Holdings.

AXA Philippines launches new health plan for critical illnesses

The plan offers coverage for over 150 medical conditions.

Insurers pivot to science-based cleantech risk modeling

This shift aims to address climate risks and capitalise on cleantech opportunities. 

Swiss Re appoints new ANZ head of life, health

He was head of L&H Claims for US since 2016.

IFRS 17 raises financial statement clarity: Fitch

APAC insurers are reconsidering product offerings.

Allianz PNB cuts product rollout by 30% with new partnership

The insurer aims for customers to receive policies in five minutes.

Australians pay $585 on average for car insurance

Insurance prices increased by 14% as of September last year.

Suncorp completes sale of Asteron Life to Resolution Life

Suncorp received $141.8m plus the estimated excess capital.

Premium finance market to grow 10% by 2032

The life insurance segment is expected to surpass $75b by 2032.

TONG YANG Life maintains stability amidst ownership change

Fitch notes that the transaction could impact business strategy.

First Insurance Limited remains stable amidst looming portfolio transfer: Fitch

The insurer remains open to new business until the transfer.

Stricter capital requirements to put pressure on Eka Lloyd: Fitch Ratings

The insurer would need to raise capital to meet the government’s $15m requirement.